March 16, 2022

The $140 billion question: Can Russia sell its huge gold pile?

Bank of Russia expanded its gold reserves almost sixfold since the mid-2000s.

March 16, 2022

Markets must adapt to lack of Russian, Ukrainian commodities, Glencore says

Russia is a key supplier of oil, natural gas, coal, aluminum and nickel, while Ukraine is a major grain producer.

March 16, 2022

Nickel price chaos continues – LME trading halted after only 1,236 tonnes change hands

Nickel price drops to limit down at $45,590 a tonne during what was only a few seconds of trading on Wednesday.

March 16, 2022

New insights into how to discover porphyry-type copper deposits

Porphyry-type deposits provide most of the world's copper and molybdenum, as well as large amounts of gold and other metals.

March 15, 2022

Rusal’s Jamaica operations to continue as usual, minister says

Rusal, which is not under sanctions by the US, runs a bauxite and alumina production complex in Jamaica.

March 15, 2022

LME imposes price limits for the first time after nickel crisis

When trading resumes Wednesday, price moves for nickel will be constrained to 5% above or below the last closing price before the suspension.

March 15, 2022

Caterpillar quietly uses Russia as shipping route after pullback

Caterpillar continues to use Russia as a supply-chain route, even after the company said it had suspended business with the country.

March 15, 2022

Russians buy up gold to salvage savings after ruble collapse

Increasing household demand for physical gold prompted Bank of Russia to halt its purchases from banks to ensure there’s enough supply for local buyers.

March 15, 2022

Aluminum price leads metals lower as China lockdowns threaten economy

The European Union excluded aluminum, copper and nickel from its latest set of trade restrictions on Russia.

March 15, 2022

VW is already sold out of some electric models for the year

Europe’s biggest automaker is pushing ahead with the industry’s biggest rollout of electric cars to challenge Tesla.